Listed by Josh Cohen, Keller Williams Beach Cities,

640 W 7th Street

San Pedro, CA, 90731

$2,950,000

$223 per ft²
$2,950,000
$223 per ft²
Sold
Sold
carpenters-square
13,200 ft²
property_type
Multi-family
calendar
Built 1977
Just reduced by $200,000! 640 West 7th Street is a terrific investment opportunity located in the booming market of San Pedro, with approximately 53% +/- rental upside! Located in an Opportunity Zone, this is the perfect investment for an exchange Buyer! The property has 16 units, with a unit mix of Four 2 Bedroom units, Ten 1 Bedroom units, and Two retail spaces on the ground floor. Units are all individually metered for gas and electricity, and they are spacious with nice balconies. There are two laundry rooms onsite, and there is plenty of secured parking available. The building has been owned by the same family for well over 30+ years, and has undergone several improvements throughout the current ownership. There is a large central courtyard, and the building is very secure with a security system. The roof was also recently re-sealed. The property has a newer water heater and the two bedroom units all have dishwashers as well. This investment is perfectly positioned in the heart of San Pedro. Just one street over from the downtown area, tenants will enjoy being within walking distance to countless restaurants, bars, and unique stores! It is also very close to San Pedro waterfront, which is currently being completely revamped and will be re-branded as the "West Harbor". This is the perfect opportunity for an astute investor to purchase a terrific long term asset in a growing market.
MLS® ID:
SB22151471
Listed:
7/10/22
Updated:
11/29/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area

Exterior/Building Features

Lot Size
8,960 ft² lot
Lot Details
Rectangular Lot
Sewer
Public Sewer

Other Property Details

Area Name
699 - Not Defined
HOA Amenities
Street Lights
Garage
Yes
Garage Spaces
16
Parking
Y
Parking Total
16.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Zoning
LAC2

Property History

Date
Event
Price
Value
11/21/22
Sold
-
-
11/21/22
Price Change
$2,950,000
-13%
9/1/22
Pending
-
-
8/22/22
Price Change
$3,400,000
-5%

Courtesy of Keller Williams Beach Cities, Josh Cohen,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 11/29/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 1:08 PM UTC, 11/29/22

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